Convenience Store, Butchers and Off Licence in East London For Sale

Situated in a parade, busy road, residential & commercial area not far from CANARY WHARF, EAST LONDON

Price
£25,000

Features

Newly Fitted Self Service Convenience Store Plus Halal Butchery & Full Free off Licence We Understand The Business Closed In October, 2017, However In Our Opinion offers Tremendous Potential In The Right Hands

AS STATED the business has been closed since October, 2017, however in our opinion offers tremendous potential for development in the right hands. We understand from the present tenants that hey have the Premises Licence for the sale of wines, beers & spirits & in our opinion there is terrific potential to introduce the sale of wines, beers & spirits, subject to obtaining the necessary Personal Licence.

Tenure

We understand the premises are held on a secure renewable lease, the present lease having approximately 19 years unexpired at a rental of £17,000 p.a. exclusive of rates for the next 4 years with rent review at that time and thereafter every 5 years.

Uniform Business Rates: £1,800 p.a. approx. (after small business relief)

RECOMMENDED FOR EARLY INSPECTION

Price

TO INCLUDE THE SECURE LEASE, FIXTURES & FITTINGS £25,000 subject to contract
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT

Finance

Subject to status, you maybe able to borrow up to
£ 12,500 (lease)
to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote

Nationwide Businesses are the Largest, No Sale No
Fee, Business for Sale Agents in the UK. We have been Selling Businesses since
1959 and are please to offer Free Valuations and never charge any advertising
fees.